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70 Garden Monterey, CA

$6,550,000

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Property Description

Class A 3-Story Office Building situated in a private, convenient office park location. Entire top floor leased to Monterey Bay Power and majority of second floor leased to Deloitte. Remaining space includes first floor R&D (clean room) component, with executive and group offices, as well as conference rooms, offering a flexible build-out for single tenant office and/or partial R&D configuration, with ample parking ratios. New Exterior Painting and Refurbishing. Recent exterior capital improvements to the parking lot and landscaping. New Roofing system, Water Cooler tower, HVAC, and Solar futures plumbed in and completed. Co Listed with Kent Tarman more info at www.70gardencourt.com and www.carmelcommercial.com. Rental income at 40% occupancy is greater than when building was previously 100% occupied

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Property Information

  • Address: 70 Garden, Monterey, CA 93940. 
  • Price: $6,550,000 
  • MLS #: ML81895349 
  • Year Built: 1984 
  • Listing Courtesy of: A.G. Davi Ltd 
  • City: Monterey 
  • Postal Code: 93940 
  • County: Monterey 

Amenities

  • Cooling: Central Air 
  • Heating: Yes 
  • Heat Source: Forced Air 

Other

  • Description: Class A 3-Story Office Building situated in a private, convenient office park location. Entire top floor leased to Monterey Bay Power and majority of second floor leased to Deloitte. Remaining space includes first floor R&D (clean room) component, with executive and group offices, as well as conference rooms, offering a flexible build-out for single tenant office and/or partial R&D configuration, with ample parking ratios. New Exterior Painting and Refurbishing. Recent exterior capital improvements to the parking lot and landscaping. New Roofing system, Water Cooler tower, HVAC, and Solar futures plumbed in and completed. Co Listed with Kent Tarman more info at www.70gardencourt.com and www.carmelcommercial.com. Rental income at 40% occupancy is greater than when building was previously 100% occupied 
  • List Date: June 8, 2022 
  • Status: Active 
  • Directions: Near Monterey Airport Take Garden Road to Garden Court Cross Street: Garden Rd. 

Other

  • Listing Agent State License: 01036716 
  • Listing Office State License: 00818062 

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Based on information from California Regional Multiple Listing Service, Inc. as of October 1st, 2022 at 14:12:03PM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.